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The new battle field: an analysis of the payment systems in China

The new battle field: an analysis of the payment systems in China

Bian, Jing ORCID: 0000-0002-2846-6529 and Marchione, Frank (2014) The new battle field: an analysis of the payment systems in China. Journal of International Banking Law & Regulation, 29 (10). pp. 641-649. ISSN 1742-6812

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Abstract

In recent years, the development of the Chinese financial system, has presented a fast changing spectrum to the rest of the world; this reform is still on going with new characteristics. Among other issues, the recent battle for the payment market is particularly interesting. This paper aims to examine the payment system; in particular the third party payment system, by illustrating the important market participants, analysing the basic infrastructures, defining the relevant conflicts and problems, and discussing the solutions. First, it studies the role of central banks, and the basic infrastructure of the Chinese payment system. Secondly, the non-financial-institution payment providers (as a group of the key players in the Chinese payment market) are analysed. Following this, the relevant law and regulatory regime is examined. In addition, the key problems of this system and further reform proposals are discussed.

Item Type: Article
Uncontrolled Keywords: China, financial regulation, payment services
Subjects: H Social Sciences > HG Finance
Faculty / Department / Research Group: Faculty of Liberal Arts & Sciences
Faculty of Liberal Arts & Sciences > Business, Human Rights and the Environment Research Group (BHRE)
Faculty of Liberal Arts & Sciences > School of Law & Criminology (LAC)
Related URLs:
Last Modified: 19 Jun 2020 22:12
Selected for GREAT 2016: None
Selected for GREAT 2017: None
Selected for GREAT 2018: None
Selected for GREAT 2019: GREAT 5
Selected for REF2021: REF 4
URI: http://gala.gre.ac.uk/id/eprint/24297

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